首次覆盖报告：高教量价齐升，直播电商驱动新增长

目 录 5.2. 影视制作及投资业务逐渐收缩 . 核心假设： 2. 华夏视听教育：民办传媒高教龙头，转型直播电商 股权集中度较高，蒲树林为控股股东。创始人蒲树林先生通过 Cathy Media Holding 持有 71.25%股份，Highland Pines Limited 持股 5.35%。 3.1. 毛入学率提升与学费涨价驱动民办高教市场规模增长 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|---------|-------|-------|-------|-------|-------------|-------|---- ...